Coca Cola Femsa (NYSE:KOF) Given New $114.00 Price Target at JPMorgan Chase & Co.

Coca Cola Femsa (NYSE:KOF) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $110.00 to $114.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 5.72% from the company’s previous close.

A number of other research analysts have also weighed in on KOF. Barclays lifted their price objective on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. The Goldman Sachs Group raised their price target on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. UBS Group cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings downgraded Coca Cola Femsa from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Coca Cola Femsa Stock Performance

NYSE KOF traded up $0.64 during trading on Tuesday, hitting $107.83. 35,910 shares of the company’s stock traded hands, compared to its average volume of 187,979. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The stock has a market capitalization of $181.23 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.30 and a beta of 0.52. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $116.36. The business has a 50 day moving average of $101.53 and a 200-day moving average of $99.76.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, equities research analysts anticipate that Coca Cola Femsa will post 6.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors and hedge funds have recently made changes to their positions in the business. Seafarer Capital Partners LLC boosted its stake in Coca Cola Femsa by 31.8% during the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock valued at $2,410,000 after buying an additional 7,000 shares during the period. JPMorgan Chase & Co. boosted its stake in Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after buying an additional 14,687 shares during the period. Federated Hermes Inc. boosted its stake in Coca Cola Femsa by 23.0% during the third quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock valued at $15,760,000 after buying an additional 35,477 shares during the period. R Squared Ltd bought a new stake in Coca Cola Femsa during the third quarter valued at $464,000. Finally, Gradient Investments LLC boosted its stake in Coca Cola Femsa by 51.5% during the fourth quarter. Gradient Investments LLC now owns 20,120 shares of the company’s stock valued at $1,906,000 after buying an additional 6,843 shares during the period.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.